Building Details

Year Built 1979

Listing Agency: Foster-Healey Real Estate w***@foster-healey.com Show Phone

Listed By: Wendy Poudrette · License #454501685 Show Phone

Source: Elliman

Added: Mar 10 Changed: Jul 10 Last Checked: Aug 20 at 8:16AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foster-Healey Real Estate

Investment Insights

Based on property information with market context.

This professional office condominium is available for sale, presenting an opportunity for investors. The property is currently under a NNN lease, with the lease in its third year of a five-year term and an option for a five-year renewal. The lease includes annual escalation. The current capitalization rate is 8%.

Key Highlights

• Existing lease in place provides immediate income.
• NNN lease structure.
• Great investment opportunity with an 8% CAP rate.

Property Analytics

Property Profile

Current Use

Family Dental Group Medical Clinic Joseph J. Yamin, ... Dental Office Nikhil Lavana, DMD Dental Office Archana Karkhanis-Lavana, DMD Dental Office

Suggested Use

Top Pick Real Estate Agency Garden Center Daycare Center HVAC Service Parking Lot & Garage Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

411

Businesses Nearby

Explore this area Business Placement

Demographics for 01440, MA

21,577

Population

9,600

Households

2.2

Avg Household Size

42

Median Age

23%

College-Educated

88%

High-School Grad

24.5 sq mi

ZIP Area

881

Density / Sq Mi

$63,526

Median Household Income

$43,737

Median Earnings

$1,071

Median Rent

$270,500

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Office condominium with NNN lease and renewal option.

Where is this office units located?

The property is located at 380 Elm St 2 Gardner, MA.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Existing lease in place provides immediate income.; NNN lease structure.; Great investment opportunity with an 8% CAP rate.